Sunday, October 16, 2016

Can Gold Survive Without 
India & China Buying?
Frank Holmes* .. The fourth quarter will be critical for seasonal physical gold demand, with India gearing up for Diwali at the end of the month, a celebration where the metal is traditionally gifted. Then China, the world's largest consumer of the metal, prepares for the Lunar New Year, another key buying opportunity for gold. In the second quarter of 2016, India & China accounted for 44% of gold jewelry consumption globally. The two countries saw higher demand for gold jewelry than all of Europe, South America, Africa & North America combined .. 4 minutes

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